Mcap of four of top-10 most valued firms erode by Rs 96,605.66 cr; HDFC Bank hit hard
The market capitalisation (mcap) of TCS tanked Rs 24,856.26 crore to Rs 14,83,144.53 crore and that of State Bank of India declined Rs 5,399.39 crore to Rs 7,08,168.60 crore.
ICICI Bank, SBI among top picks which could give over 20% returns in 2025
Despite challenges in unsecured retail and microfinance segments, the banking sector’s outlook remains positive, supported by robust fundamentals and operational efficiency. Credit growth for FY25 is projected at ~11%, with an improvement to ~12.5% expected in FY26, reflecting the sector’s resilience and sustained demand across key segments.
Zepto aims for March-April IPO filing after India shift
Zepto plans to file for an IPO around March-April 2024 after securing approval to move its holding entity to India from Singapore. The National Company Law Tribunal will hear its reverse merger application on January 17. Zepto aims to become the first standalone quick-commerce firm to go public, amidst competition from Zomato-owned Blinkit and Swiggy’s […]
CLSA adds Tata Motors, NTPC, Nestle, and Britannia to India Focus Portfolio
In 2025, Nifty’s returns are expected to be muted due to high valuations and global uncertainties, including Trump’s policies and rising dollar. CLSA favours commodities and insurance while being underweight on IT, discretionary, industrials, and healthcare. Tata Motors, NTPC, Nestle, and Britannia have been added to its India focus portfolio, with HDFC Bank removed.
Capital Infra Trust sets price band at Rs 99-100 per unit; IPO to open next week
Capital Infra Trust, sponsored by Gawar Construction Ltd, sets a price band of Rs 99-100 per unit for its Rs 1,578-crore IPO opening on January 7 and concluding on January 9. The funds raised will be used to repay/pre-pay loans, including unsecured loans from the sponsor.
Dolly Khanna picks up 1.16% stake in smallcap Indian Metals & Ferro Alloys
Indian Metals & Ferro Alloys stock traded above its 50-day and 200-day SMAs of Rs 821 and Rs 729, respectively, but remained volatile with a 1-year beta of 1.5, as per Trendlyne data. It has a market capitalization of Rs 4,862.88 crore, reflecting its position in the market despite fluctuating trends.
Bank of Baroda Q3 update: Global business jumps 12% YoY to Rs 25.64 lakh crore
Bank of Baroda’s global advances grew 11.65% YoY to Rs 11.72 lakh crore in Q3FY25, up from Rs 10.49 lakh crore in Q3FY24. Meanwhile, global deposits rose 11.82% YoY to Rs 13.92 lakh crore, compared to Rs 12.45 lakh crore in the same quarter last year, showcasing consistent growth in the bank’s core metrics.
Tech View: Move above 24,226 may trigger renewed buying participation in Nifty. How to trade on Monday
Nifty formed a long bear candle on Friday, indicating profit booking after Thursday’s strong rally. Weekly chart remains bullish. Support lies near 23,900. A decisive move above Thursday’s high could trigger further upside.
New Year Picks: 10 smallcap stocks that can rally up to 53% this 2025
SHL has signed a long-term variable lease agreement in Hitec City, Hyderabad, to develop an Upper Upscale hotel with 170 – 175 rooms.
DMart shares skyrocket 15% after Q3 update shows 17% YoY revenue growth
DMart share price: Avenue Supermarts, which runs DMart stores, saw its shares rise 15% after it reported a 17% increase in standalone revenue for the December 2024 quarter. Revenue for this period was Rs 15,565.23 crore, up from Rs 13,247.33 crore last year. DMart now operates 387 stores.